Beltway Confidential

Sovereignty’s greatest threat: Red ink

By Pete Kasperowicz

Published June 30, 2016 12:00pm ET

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Sovereignty’s greatest threat: Red ink — The story of Greece and Puerto Rico show that sovereignty is something that has to be earned. (AP Photo/Yorgos Karahalis) | Yorgos Karahalis

How do people lose the right to govern themselves?

Increasingly, it’s as simple as allowing a government to spend more than it takes in for a few decades.

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European Union Greece Minusextra Pete Kasperowicz Puerto Rico